Kennewick Investment Opportunity
Listing was updated at: 08/06/2019
Property Overview
Price/Rent PSF $ 3,600,000.00
Asset Type Office
Trade Type Sale
SQ. FT. Available 23,067
Date Available 08/06/2019
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Description

Location
Located in the heart of Kennewick, this building is close to the major shopping areas, parks and services. Kennewick is part of the Tri-Cities area of Washington, in the southeastern part of the state. The area includes Kennewick, Richland and Pasco, with a combined population of roughly 290,000. The area serves as a major agricultural region, as it's close to the Columbia River Valley. The area is a large producer of grapes, and a number of wineries have exploded in the region. Other large sectors include professional and business services, trade, transportation, and government services. The nearby Hanford reservation employs about 7,000 people, in high paying jobs. Population and household growth are expected to increase 6.5% to 7.2% fueling demand for services.

Sale
Keller Williams Commercial is pleased to offer an investment opportunity in Kennewick, WA. This property is a single story office building consisting of 23,067 rentable square feet on a 1.88 acre parcel of land. Offered at $3,600,000, this investment has a 7.62% capitalization rate based upon the existing in place lease.

A strong credit tenant with long term tenancy, DSHS has operated in the vicinity for numerous years and has recently re-committed to the market by extending their lease.

Location